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Luis Is Consuming His Optimal Consumption Bundle of Pizza and Tacos

Question 165

Multiple Choice

Luis is consuming his optimal consumption bundle of pizza and tacos. The marginal utility associated with the last pizza he consumes is 1 util, and the marginal utility associated with the last taco is 3 utils. What must be the relative price of pizza in terms of tacos?


A) 0.33
B) 1
C) 3
D) The relative price is undefined.

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